Kanish BhaTopic 3 HomeworkClose Date: Thu, Sep 23, 2021, 11:59 PMQuestion 7 of 8Last year, Reliable Securities established a sales achievement bonus fund of $16,000 tobe distributed at the year's end among its four-person mutual fund sales force. Thedistribution is to be made in the same proportion as the amounts by which eachperson's sales exceeds the basic quota of $500,000 (with no bonus if the quota is notmet). How much bonus will each salesperson receive from the fund if the sales figuresfor the year were $990,000 for Alicia, $760,000 for Bob, $430,000 for Charles, and$620,000 for Diana?

The ratio of two quantities of the same kind is the fraction that one quantity is of the other. In…

Answered: Last year, Reliable Securities…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Joan was advanced 3 loans: $6158.29 at the start of January, $8309.83 at the start of February and $9163.98 at the start of April. She expects to repay these debts with three equal payments: one at the start of September, one at the start of October and one at the start of December. Suppose the rate of interest is 3.40%. Use the start of October as a focal date. What is the value of the second loan at the focal date?
For 2021, the annual earnings for Blue Star Racing Equipment were $5,600,000 . The corporation has 6,863,400 shares of common stock outstanding and pays an annual dividend of $0.65 per share. The closing price for a share of common stock was $24 last night. Calculate the following. (Round all answers to two decimal places if necessary.) 1. Current yield: % 2. Earnings per share: $ 3. Price-earnings (PE) ratio:
Suppose that you are thinking about buying a car and have narrowed down your choices to two options. The new-car option: The new car costs $32,000 and can be financed with a five-year loan at 7.54%. The used-car option: A three-year old model of the same car costs $15,000 and can be financed with a four-year loan at 6.21%. What is the difference in monthly payments between financing the new car and financing the used car?
Consider each of the after-tax cash flows shown in the table below. Suppose that projects B and C are mutually exclusive. Suppose also that the required service period is eight years and that the company is considering leasing comparable equipment with an annual lease expense of $3,000, payable at the end of each year for the remaining years of the required service period. Which project is a better choice at 15%? Click the icon to view the cash flows for the projects. Click the icon to view the interest factors for discrete compounding when i=15% per year. The present worth of project B is $thousand. (Round to one decimal place.) More Info Capital Single Payment Compound Amount Factor (F/P, i, N) Equal Payment Series Sinking Present Fund Worth Factor Factor (A/F, i, N) Compound Amount Factor (F/A, i, N) 1.0000 More Info Recovery Factor (A/P, i, N) 1.1500 (P/A, i, N) 1.1500 1.0000 0.8696 1.3225 2.1500 0.4651 1.6257 0.6151 B с 1.5209 3.4725 0.2880 2.2832 0.4380 - $7,000 -$5,000 1.7490…
A local Dunkin’ Donuts franchise must buy a new piece of equipment in 5 years that will cost $83,000. The company is setting up a sinking fund to finance the purchase. What will the quarterly deposit be if the fund earns 8% interest
Leonard started a systematic investment program by buying $400.00 worth of mutual funds on the first day of every month starting on February 1. Mutual funds are purchased in units. Leonard purchased as many units as he could with his $400.00, including fractions of units. Unit prices for the first six months were $10.00, $10.80, $11.50, $9.75, $9.40, and $12.15 respectively. Complete parts (a) through (d) below. (a) What is the simple average of the unit prices? $ (Round to the nearest cent as needed.) (b) What is the total number of units purchased during the first six months? units (Round to three decimal places as needed.) (c) What is the average cost of the units purchased? $ (Round to the nearest cent as needed.) (d) What is the value of Leonard's mutual fund holdings on July 31 if the unit price is $11.90 on that date? $4 (Round to the nearest cent as needed.)
On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to receive a base fee of $4,400 for his services in addition to a bonus depending on when the project is completed. Nolan created incentives for Bob to finish the barn as soon as he can without jeopardizing the structural integrity of the barn. Nolan offered to pay an additional 20% of the base fee if the project finished 2 weeks early and 15% if the project finished a week early. The probability of finishing 2 weeks early is 20% and the probability of finishing a week early is 65%. What is the expected transaction price with variable consideration estimated as the expected value? Multiple Choice $5,005 $4,180 $5,862 $4,400

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